Blog

By selecting “Yes” below it confirms that I have successfully set up Honorlock. (Note: please ensure that you can access Canvas while taking the quiz. In future quizzes, you may wish to access Canvas material.) Canvas Course Content

A loss exposure is defined by three elements. Select the two missing elements of an exposure below:  1) = An asset exposed to loss 2) = [answer2] 3) = [answer3]

John and Maria are both athletes, playing in recreational softball leagues in their free time. Over the past year, John sustained a variety of injuries while playing softball, which included: two sprained ankles, a broken pinky finger, a broken toe, and a concussion. On the other hand, over the past year Maria only sustained one minor injury (a sprained ankle) while playing softball.  Based on this information, which of the following is true regarding the basic measures of risk when it comes to John and Maria? 

The below tables has information on three different drivers: Adam, Brittany, and Carmen. Each table shows that driver’s accident history over the past 3 years. Adam – Driving Accident History: Brittany – Driving Accident History: Carmen – Driving Accident History:   Based on the above information – which driver has the highest severity loss? 

The below tables has information on three different drivers: Ariel, Brandon, and Chandler. Each table shows that driver’s accident history over the past 3 years. Ariel – Driving Accident History: Brandon – Driving Accident History: Chandler – Driving Accident History:   Based on the above information – which driver has the highest severity loss? 

Scenario: A study was done that found the average amount of money spent by all individuals on Black Friday is $362. Assume this distribution is skewed with a population standard deviation of $63. Suppose you were conducting a study on Black Friday shopping and as a part of that study you randomly sampled 81 shoppers on Black Friday. You are interested in determining how much money those randomly sampled individuals spent on average. Use this information to answer the following questions.  Would you be able to use the Central Limit Theorem for this scenario? Justify your answer. What would the mean of the sampling distribution of the sample mean be for this scenario? What would the standard deviation of the sampling distribution of the sample mean be for this scenario

Scenario: A study was done that found the average amount of money spent by all individuals on Black Friday is $313. Assume this distribution is skewed with a population standard deviation of $80. Suppose you were conducting a study on Black Friday shopping and as a part of that study you randomly sampled 64 shoppers on Black Friday. You are interested in determining how much money those randomly sampled individuals spent on average. Use this information to answer the following questions.  Would you be able to use the Central Limit Theorem for this scenario? Justify your answer. What would the mean of the sampling distribution of the sample mean be for this scenario? What would the standard deviation of the sampling distribution of the sample mean be for this scenario

How is breach of duty determined?

The “but-for” test involves determining if two or more events combine to cause an injury to the plaintiff with each being a substantial factor in causing the injury.

Yvette goes to a Mexican restaurant at lunch and orders a bean and cheese burrito.  While eating the burrito, she bites down on a piece of metal and cracks a tooth.  Can Yvette prevail against the Mexican restaurant under the theory of res ipsa loquitur?  Why or why not?